9 Unit Multi-Family For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30873581
Property Subtypes: Low-Rise/Garden, Mixed Use
Status: Pending
Number of Units: 9 Units
Building Size (RSF): 6,662 SF
Gross Building Area: 8,128 SF
Gross Land Area: 0.30 Acres
Sale Price: $1,600,000
Unit Price: $177,777.78 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 6,662 SF
Sale Terms: Cash to Seller
Cap Rate: 6.11%
Average Occupancy Rate: 100
Last Updated: 7/15/2024

Overview / Comments

This multifamily property, with 100% occupancy and a 6.11% cap rate, is ideally situated just 3 miles from Route 93 in Derry, NH. Offering convenient walking access to local amenities and easy connections to major routes, including just 25 miles east to the NH Seacoast and 40 miles south to vibrant Boston, MA, 45 Birch is an exceptional investment opportunity in a prime location. Located within the Office Medical Business zone, this property uniquely combines residential and commercial opportunities, enhancing its appeal as a versatile investment option. The residential units include one 3-bedroom apartment, four 2-bedroom apartments, and three 1-bedroom apartments, along with a commercial unit, all of which have demonstrated consistent rental income and high occupancy rates.

Highlights:
100% occupancy, 6.11% cap rate
Strategic location near Route 93
Versatile residential and commercial potential
Ample parking for tenants and customers
Proximity to parks and recreational amenities
Diverse array of local businesses

Additional Details

Nearest MSA: Boston-Cambridge-Newton
County: Rockingham
Taxing Authority: Derry
Tax ID/APN: 27/086/000
Zoning: OMB/MIXED USE C
Percent Occupied: 100%
Property Located Between: Route 102 and Birch Street
Highway Access: The closest highway access to 45 Birch Road, Derry, NH, is via Interstate 93, which is approximately 3 miles west.
Airports: Manchester/Boston Regional Airport
Area Description: The area boasts a diverse array of businesses catering to various needs. You'll find boutique shops and convenience stores offering a range of goods, while dining options span from fast-food to upscale restaurants. Professional services like law firms, accounting offices, and real estate agencies are also prevalent, serving the community's essential needs. Health and wellness services, including clinics, pharmacies, gyms, and yoga studios, are readily available. Entertainment options such as movie theaters and performing arts centers provide recreational opportunities, while financial institutions, hospitality establishments, educational facilities, co-working spaces, and service businesses further contribute to the area's dynamic commercial landscape.
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Roof Type: Gable
Construction/Siding: Wood Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Natural Gas
Fuel: Gas, Electric
Zoning Description: OMB - Office / Medical / Business
Lot Frontage: 80
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 3515/1386

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,912 34,294 64,293
Median Age: 36.94 38.68 39.41
Households: 4,934 13,229 23,552

Contact

Photograph of Listing Agent

Kristine LaPorte

KW Commercial, NH NECPE Member
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